Monday, September 29, 2014

Nat Gas Rounds Corner

On August 10 I blogged of what looked and felt like a possible turn in the price of natural gas with a chart of UNG. The trend change was more confirmed today as the price breaks above a recent price band. Winter is on the way and demand should pick up.
I sold that initial UNG position a few days after the original post as I belatedly realized that it was not going to be a sharp turn. But as the price action looked encouraging I re-initiated a position on Sept 16, and added Sept. 25.
Lets see if this is a good move......

Control your risk,

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